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Aston Martin's upcoming hypercar officially named Valkyrie

For all of the awesome design and impressive promised performance of the upcoming hypercar from Aston Martin and Red Bull, it has had until now a terrible name. AM-RB 001 never really rolled off the tongue, nor did it evoke power and beauty like past Aston Martin names, such as Vanquish. But Aston has fixed that with the car's new name, Valkyrie. It's a solid name, one that comes from Norse mythology. Not only that, but it continues Aston's use of names starting with "V" (Vantage, Virage, Vulcan, et al). It's also way easier to say than the serial number that was the old name. We're looking forward to getting the full official specs, too. So far, we know it will have a V12, and the company is aiming for a one horsepower to one kilogram power-to-weight ratio, similar to that of the Koenigsegg One:1. We've also heard that Aston will sell just 175 cars, with each running about $3 million. Related Video:

Bond, junk bond? Aston Martin financial ratings go south as it awaits DBX

Ratings agencies Standard & Poor's and Moody's have taken a dim view of Aston Martin Lagonda. S&P cut its credit rating on the storied carmaker deeper into junk territory this week, and Moody's revised its credit outlook to "negative" after the company raised $150 million in debt from a bond issue at 12% interest, with the option to raise another $100 million at 15%. The Standard & Poor's rating was trimmed by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The outlook is negative.  The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States. The potential salvation for the company is its new DBX luxury SUV, the success of which is critical to its ambitious growth strategy and ongoing creditworthiness, S&P said. But Moody's noted that it's burning cash at a high rate as it nears the launch of the DBX. The British carmaker, known as James Bond's favorite marque, has been hit by falling demand in Europe, the Middle East and Africa. It slumped to a first-half loss in July. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. "Taking this debt on — short-term debt — is we think the correct tool to completely remove that thesis that we don't have sufficient liquidity," he told Reuters. "In every substantial and material way, this ensures that we can get through to DBX in spite of what all of those global uncertainties might throw at us." The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said. Shares of stock in the company, which have had a precipitous fall since they listed in London in October 2018 at 19 pounds, were trading down 5% at 545 pence in early deals. Broker AJ Bell said Aston Martin was known for its high end prices and that situation now also applied to its debt. "These rates are very high and are a major red flag that investors consider the car company to be a high risk entity," it said.

‘Goldfinger’ Aston Martin DB5 Lego kit has fully functioning gadgets

Just as we predicted, Lego's James Bond-themed Aston Martin model kit is of the 1964 Aston Martin DB5 from "Goldfinger." A car that also featured prominently in other Bond films including " Casino Royale," "Skyfall" and " GoldenEye," among others. ( The real "GoldenEye" movie car just sold for a cool $2.6 million.) And while at first blush, it seems that the Aston's effortless class didn't quite translate as well to brick form as boxier vehicles such as the VW Bus and the Mini Cooper, we can easily forgive it. Why? Because it has all of the gadgets from the movie, and they all work! Working from the nose of the car, the turn signals drop out of the way to reveal the machine gun barrels. These disappear at the pull of the shift lever in the interior. Also in the interior are the hideaway tracking computer in the dash and the door-mounted car phone. Of course the best feature inside is the ejector seat. Pull on the rear bumper, and the roof lifts off and other mechanical bits fling the seat through the opening. Behind the rear window, there's the bulletproof shield that can be raised into position. Finally, all four wheels can have the tire cutters fitted, and the license plates swivel for different numbers. And for car enthusiasts, Lego has made sure that the model is simply a nice and accurate replica of a DB5. The hood is hinged at the front, and underneath is a detailed model of the car's double-overhead cam straight-six. It's modeled down to the triple carburetors. The doors open, naturally, as does the trunk, which has quite a bit of space. The Lego kit goes on sale Aug. 1 for $149.99. It consists of 1,290 pieces, and the finished model measures out to about 13 inches in length. Related Video: Featured Gallery Aston Martin DB5 Goldfinger Lego Kit View 41 Photos Image Credit: Lego Toys/Games TV/Movies Aston Martin Coupe Classics Lego aston martin db5